Acando's Board of Directors has adopted the additional repurchase of treasury shares

Acando's Board of Directors has adopted the additional repurchase of
treasury shares

The Board of Directors of Acando AB (publ.) has resolved to utilize the
authorization granted by the 2011 Annual General Meeting of Shareholders
to repurchase shares in the company.

On May 5th, 2011, the Annual General Meeting of Acando AB (publ.)
authorized the Board of Directors to purchase shares to the extent that
the company's total holding does not exceed 10 percent of all shares in
the company, for the purpose of adjusting the capital structure to suit
the company's capital requirements and to create the opportunity for the
company to pay for acquisitions of companies and businesses, wholly or
partly, with these shares. This authorization applies until the 2012
Annual General Meeting.

The Board of Directors has resolved to repurchase a maximum of 1,000,000
shares for a maximum amount of SEK 18 million. The acquisition will take
place via the NASDAQ OMX Nordic at a price within the registered price
interval prevailing at the time of the acquisition.

The total number of shares in Acando as at May 5th, 2011 amounts to
79,644,260 composed of 3,639,990 Series A shares and 76,004,270 Series B
shares. Acando's current holding of treasury shares amounts to 4,338,631
Series B shares, corresponding to 5.4 percent of all outstanding shares.
A repurchase of 1,000,000 shares would represent an additional 1.3
percent of the total number of outstanding shares.

This is information that Acando AB may be obligated to disclose
according to the Securities Market Act and/or the Financial Instruments
Trading Act. This information was submitted for publication on May 6,
2011.

 

Further information is available from:
Ulf J Johansson, Chairman of the Board, Acando, +46 8 699 70 00
Lotta Jarleryd, CFO, +46 8 699 70 00